Finding the right insurance partner

When it comes to safeguarding your future and protecting what matters most, finding the right insurance partner is paramount. A trusted agent offers invaluable consultation, helping you avoid common pitfalls and navigate the complexities of running your business. In addition to tailored coverage options and expert guidance, they'll provide a sense of security that empowers you to face your business's uncertainties with confidence.

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Independent vs Captive insurance agents

Independent agents

Independent agents shop for policies from multiple carriers to create bespoke coverage for your business.

Tailored coverages
By leveraging their ability to shop from multiple carriers, independent agents can provide their clients with tailored coverage options that precisely match their individual needs and circumstances.
Personalized service
Through diligently shopping around at various carriers, independent agents offer a personalized service to meet the specific needs of their clients.
Risk flexibility
With access to multiple carriers and varied coverage options, Independent agents can offer more flexibility in accommodating a diverse range of risks.
Prioritized coverage fit
Prioritizing a comprehensive coverage fit, independent agents provide access to the most suitable solutions, even if it may not be the cheapest option available.

Captive agents

Captive agents sell policies from one carrier directly to your business.

Off-the-shelf coverages
Working with a single carrier, captive agents have access to more off-the-shelf solutions. These policies are typically built once with the intention of serving a wide array of companies.
Streamlined service
Through their focus on a single carrier, captive agents have deep knowledge of a fewer number of policies, which can provide a more streamlined service.
Focused risk profile
Since they work exclusively with one carrier, captive agents typically focus on specific types of risks, allowing them to provide solutions in those particular areas.
Economies of scale
Through exclusive partnership with a single carrier, captive agents often leverage bundled discounts and other cost-saving opportunities for their clients.

Expertise to look for in your agent

A good agent will first take the time to understand your business. Beyond that, insurance experts often fall into a few different categories

Insurance Generalist

Insurance generalists can bring extensive knowledge across various industries, claims, carriers, and situations. Their well-rounded experience equips them to navigate challenges effectively and offer valuable insights. Generalists may be best suited for smaller companies with common risks and exposures.

Industry Specialists

Certain agents possess in-depth knowledge of specific sectors and industries. Partnering with these agents can enable businesses to gain strategic advantages through experienced perspectives. Specialized agents can apply their insights to ensure more comprehensive coverage.

Program Specialist

Companies within an industry often share similar risks. Carriers, in partnership with specific agents, often develop special programs to pool those risks and benefit from the law of large numbers. These programs can offer competitive coverages and rates that are not available through other agents or carriers.